HannStar Display announced Q3 FY16 consolidated sales of NT$6.96 bn ($220.6 mn) and a net profit of NT$2.35 bn ($74.5 mn) resulting in a very healthy net profit margin of 34%. These results marked a significant upturn in company’s financials as it had reported operating losses for preceding five quarters. Q3 FY16 sales had increased 74% from last year’s Q3 figure of NT$3.99 bn ($122.1 mn) and Q3 FY15 net loss of NT$ 707 mn ($21.6 mn) was turned into net profit in FY16 Q3.
The strong financial performance was backed with good growth (Q-o-Q) in the number of shipments of small and medium size panels, which form over 90% of product sales. The October 2016 sales report also indicated a continuing upward trend in the same segments.